Not advisable to invest in Bitcoin for the short term

[Ishicryptic]

From my experience in Bitcoin investment I have come to realize that it is an asset that is best to hold on the long term. So far you understand that Bitcoin has the potentials to always increase and reach ATH after dip you should focus on the long term for guaranteed profits.

If you are not a trader that understands the risk of buying and selling on the short term it is better to invest for the long term. If you invest with the intention of making profit on a specific short term and when that time reaches then Bitcoin happen to dip bellow the price that you bought, it will be an unprofitable venture. Example is what we are experiencing now, some short term investors that perhaps bought at $120k and planing to take profit on 27th august, will be disappointed. Another disadvantage is that you can panic and sell at a loss believing that it will dump again instead of leaving it for the long term to appreciate again.

For peace of mind buy and hodl for a long term atleast for two bull circles you will be sure that whatever price will be then you will be in profit. DCA method is recommendable for income earners, buy with a percentage of your income and hold for the long term.

[CryptopreneurBrainboss]

For peace of mind buy and hodl for a long term atleast for two bull circles you will be sure that whatever price will be then you will be in profit. DCA method is recommendable for income earners, buy with a percentage of your income and hold for the long term.

For two bull cycle that's 8 years but to just be in the safer side lets lets do 10 years that's a decade before thinking about cashing out some profits. If you just follow the two bull market rule, you might end up selling in a bear market and although you'll still be making a profits but you would have missed out of potential gains that you would have gotten. Of course no body rejects more money so after you dun invest, try make the period why you want sell make e for be during bull market. Trading Bitcoin isn't even advisable because why you go dey stress yourself dey chase small small profits when you go fit just hodl Bitcoin and make easy profits.

[Nathrixxx]

From my experience in Bitcoin investment I have come to realize that it is an asset that is best to hold on the long term. So far you understand that Bitcoin has the potentials to always increase and reach ATH after dip you should focus on the long term for guaranteed profits.

You made an interesting point here, Bitcoin should be invested for a long time preferably, except that if we are going for trading, when investing in bitcoin for long term, we should have in mind the strategy to use in this, how we should then invest and go into profits, the strategy to use and so many other key notable indications must be in our minds, those that have invested for decade now know how massively they have been in profits by now, it's all about holding capacity and for us to neglect any distractions from the activities happening around, only if we can invest and hold, we can't be in loss with time, instead in profits.

[Obim34]

For two bull cycle that's 8 years but to just be in the safer side lets lets do 10 years that's a decade before thinking about cashing out some profits. If you just follow the two bull market rule, you might end up selling in a bear market and although you'll still be making a profits but you would have missed out of potential gains that you would have gotten. Of course no body rejects more money so after you dun invest, try make the period why you want sell make e for be during bull market. Trading Bitcoin isn't even advisable because why you go dey stress yourself dey chase small small profits when you go fit just hodl Bitcoin and make easy profits.

For better clarity, best to keep in range within 8-10 years window, which comprises of two cycles but as we know some times, one market phase may delay to exceed the specified year. Bitcoin investment is the most simplest, it only needs discipline and consistency to succeed. Investors who are desperate for profits will not make potential profits, 8-10 years can be a long time of wait but it is fully worth the period of holding.

Trading is risky, trading is based on probability and possibility even with good trading knowledge, making profits isn't guaranteed.

[Bitsies02]

You made a very important point here
Because investing in bitcoin for short term can lead to heart breaking when the price drops.
It is very important to use Money that you will not be using for that time to invest and a leave the coins for long time inorder to maximise profits from your investment.
You may leave your coins like 10-15 years without withdrawing
Don't be in hurry to withdraw even when the bitcoin prices drops
Before those years it must have been added value.

[Tungbulu]

You're absolutely right OP.
Bitcoin is a long term game and anyone who really wants to make something out of investing in Bitcoin should at all time consider its long term potential and maintain that long term perspective because that's the only way you'll be able to come up with a solid strategy that'll enable you reach your financial goals.
And this is where a lot people often miss out, they feel as though Bitcoin is like altcoins that they can easily trade on and expect profit within the short term, which is often a very risky way to approach Bitcoin or the crypto market at large. Only those who are willing to be patient and maintain a long term perspective would really benefit from Bitcoin.

[Yablee0]

You're absolutely right OP.
Bitcoin is a long term game and anyone who really wants to make something out of investing in Bitcoin should at all time consider its long term potential and maintain that long term perspective because that's the only way you'll be able to come up with a solid strategy that'll enable you reach your financial goals.
And this is where a lot people often miss out, they feel as though Bitcoin is like altcoins that they can easily trade on and expect profit within the short term, which is often a very risky way to approach Bitcoin or the crypto market at large. Only those who are willing to be patient and maintain a long term perspective would really benefit from Bitcoin.

You are on point bro,
Those that are patient enough to hold for long term plan are the potential winners because they aren't missed out in any way or should I say they eat from the buttom pot of it.

Also,
There is something about bitcoin investment that most investors are still not getting straight,  if you are ready and really out for business and want something tangible to come out of our investment deal, then just go for long term plan because this is the only way you can have full benefits of it.

[Creeper0]

I would like to warn you at the beginning that you should never be sure or guaranteed about investing. It is certainly good to have faith in Bitcoin and our confidence in long-term investment, but it should not be blind faith or overconfidence. We expect Bitcoin to have a bright future in the long term and I think this hope is reasonable. So in the long term, Bitcoin is always bullish and we expect the price difference after 8-10 years to be much higher. But it is not guaranteed.

It is good to have a positive attitude towards Bitcoin and it may be best to engage in long-term investment with a positive attitude. In short-term investment, you will have to count losses or suffer from disappointment at some point. Even in real life, due to mental instability, that effect can disrupt your life. There is no such negative effect with DCA in long-term investment. Just make sure you invest with prudent money and invest to achieve your goals without setting a time limit.

[Gozie51]

For peace of mind buy and hodl for a long term atleast for two bull circles you will be sure that whatever price will be then you will be in profit. DCA method is recommendable for income earners, buy with a percentage of your income and hold for the long term.

It is true that hodling Bitcoin for long is more profitable but it is easier said than done because of the numerous challenges we have in the country, I mean financial burden. More so, to hodl for two circles of halving means 4 years x 2 and that is 8 years. It is a long time that I don't know how many Nigerians would be able to turn their eyes away after first 4 years of hodling. Usually, I would advise 1 circle which is four years because by that time bitcoin will get to a new peak like we saw this circle before price begin to return south. It is psychological to feel bad seeing your profit thaw in your eyes and I believe those who were still hodling and expecting the price to continue rising while it is now dropping, will feel bad.

So it is better to cash out at every 1 circle and either wait for the next circle by then you would have used your profit to buy land or kept in Usdt and buy from dip again next circle.

[Fiasem20]

Bitcoin investment has consistently rewarded long-term investors with significant profits. Personally, I prefer a stress-free approach, and timing the market can be overwhelming. As a result, I'm more inclined towards long-term investing. Long-term investments tend to be more profitable than short-term ones. To become a successful trader, you'd need to go through a learning curve, mastering technical analysis to profit from price movements. However, Bitcoin's volatility makes it challenging. Given the stress associated with trading,I find it better to hold onto Bitcoin for the long haul.

[Joy- maker]

OP you are not far from the truth if anyone is interested to invest in bitcoin he or she should invest in bitcoin for long term as in buying bitcoin using the DCA method consistently until he or she  accumulate a good portion of bitcoin  and hold for like 4 to 10 years or longer in other for he or she  to make reasonable profit in return. Trading is very risky and won't advise anybody to trade an asset like bitcoin that is a store of value with potential returns when you buy and hold for long term, and even if you must trade I will advise you trade only shitcoins and not bitcoin just buy bitcoin and hold for long term.

[Bright0515]

From my experience in Bitcoin investment I have come to realize that it is an asset that is best to hold on the long term. So far you understand that Bitcoin has the potentials to always increase and reach ATH after dip you should focus on the long term for guaranteed profits.

If you are not a trader that understands the risk of buying and selling on the short term it is better to invest for the long term. If you invest with the intention of making profit on a specific short term and when that time reaches then Bitcoin happen to dip bellow the price that you bought, it will be an unprofitable venture. Example is what we are experiencing now, some short term investors that perhaps bought at $120k and planing to take profit on 27th august, will be disappointed. Another disadvantage is that you can panic and sell at a loss believing that it will dump again instead of leaving it for the long term to appreciate again.

For peace of mind buy and hodl for a long term atleast for two bull circles you will be sure that whatever price will be then you will be in profit. DCA method is recommendable for income earners, buy with a percentage of your income and hold for the long term.

There is no point when you invest your money in something and you sell when you know you are not going to make profit from it rather you lose some percentage from your capital, that is not a wise man's investment strategy. From what I have discovered of recent in some discussions, when you invest into Bitcoin for short term you will not get any profit and even though you make profit from your short term plans it can not be compared to the amount you would have made if you invest for long term. Because short term investment can't give a profit when you invest is thw reason you should try long term investment.

[Y3shot]

Bitcoin is a long-term investment, and for anyone to think they only want to invest in the short term means that their understanding of Bitcoin is lacking; the interest is simply to make quick money from Bitcoin.

 People who consider investing in Bitcoin for the short term always have a timeline in mind when they predict they will make a profit, but in Bitcoin, predicting the market and having a specific time for when to make a profit has always disappointed investors. When investing in Bitcoin, you need to think about the future because this is the only way to make a productive investment with Bitcoin.

[Emjay24]

Trading Bitcoin isn't even advisable because why you go dey stress yourself dey chase small small profits when you go fit just hodl Bitcoin and make easy profits.

That one na even if you go see the profits at all, most traders dey loose and their portfolio dey go down. So holding na the best option if you wan make cool money on a relaxed mind. Bitcoin price history na enough proof to anybody say the most successful people for this bitcoin journey na the holders and not the traders because person wey buy for 2020 January when bitcoin price been dey just a bit above $9k go don get like 11X plus on his investment in just 5 years while some people wey no too get experience come dey trade even lost all of their portfolio.

[Promocodeudo]

Bitcoin is a long-term investment, and for anyone to think they only want to invest in the short term means that their understanding of Bitcoin is lacking; the interest is simply to make quick money from Bitcoin.

 People who consider investing in Bitcoin for the short term always have a timeline in mind when they predict they will make a profit, but in Bitcoin, predicting the market and having a specific time for when to make a profit has always disappointed investors. When investing in Bitcoin, you need to think about the future because this is the only way to make a productive investment with Bitcoin.

There are things we need to consider first, which is, was Bitcoin created to be a short term investment or is Bitcoin a short term investment, the answer on this is no, a futuristic investment has nothing to do with short term, I think that's very clear for any investor that wants to understand the whole thing but for those money mongers, bitcoin is a short term stuff and that's why they never get it right.
Once anyone has in mind to invest in Bitcoin, you must have to take the full responsibility of investing in it for a long-term, there's no magic in it, it is just about the reality that surrounds the investment that's all.

[Adams0001]

OP you are not far from the truth if anyone is interested to invest in bitcoin he or she should invest in bitcoin for long term as in buying bitcoin using the DCA method consistently until he or she  accumulate a good portion of bitcoin  and hold for like 4 to 10 years or longer in other for he or she  to make reasonable profit in return. Trading is very risky and won't advise anybody to trade an asset like bitcoin that is a store of value with potential returns when you buy and hold for long term, and even if you must trade I will advise you trade only shitcoins and not bitcoin just buy bitcoin and hold for long term.

Sure, anyone that understood bitcoin will always put in mind that is long term investment. Because if you get full knowledge about it. I don't really sure if some investors have succeed in bitcoin in short term investment. That is what some people don't really understand some people thinks is easy to achieve your goal in Bitcoin don't really no that you will face some challenges because bitcoin is always volatile, and he can't move as your plans sometime. That is why is different from others coins, no one can control it. Bitcoin will always be the best crypto to invest. I and get the believe that you will always be profitable for the long term.

You can't says they shouldn't trade with Bitcoin, because any coin you trade if the market is good you will be profitable, shitcoins is more riskier, if you try shitcoins you can probably lose even you try bitcoin you can lose too,  because the market is always unpredictable. So to be profitable try get more experience about trading and knowledge so that you can easily understand different strategy so that if this one didn't work another one can probably work for you, we should always think wisely when taking any step In investment or trading.

[rachael9385]

From my experience in Bitcoin investment I have come to realize that it is an asset that is best to hold on the long term. So far you understand that Bitcoin has the potentials to always increase and reach ATH after dip you should focus on the long term for guaranteed profits.

If you are not a trader that understands the risk of buying and selling on the short term it is better to invest for the long term. If you invest with the intention of making profit on a specific short term and when that time reaches then Bitcoin happen to dip bellow the price that you bought, it will be an unprofitable venture. Example is what we are experiencing now, some short term investors that perhaps bought at $120k and planing to take profit on 27th august, will be disappointed. Another disadvantage is that you can panic and sell at a loss believing that it will dump again instead of leaving it for the long term to appreciate again.

For peace of mind buy and hodl for a long term atleast for two bull circles you will be sure that whatever price will be then you will be in profit. DCA method is recommendable for income earners, buy with a percentage of your income and hold for the long term.

If you are considering hodling Bitcoin then you must be mentally prepared for a long term investment, it's different from people that are into trading because they are after making short term gains. First thing you must do to start up your journey is to do your research properly and understand what you are investing in. Secondly, you must have something that generates income for you, if you don't have this it's going to be impossible for you to wait patiently for your investments to grow into something tangible. Thirdly, if you are not capable of controlling your emotions it would be difficult to invest in Bitcoin

[PremiumcryptoHub]

To be honest it is also clear that for peace of mind, one must hold for the long term and patiently prolong the investment for at least two bull circles. In fact it is possible to make long-term investments even with a small amount of money because if you invest regularly with determination and creatively, everyone can quickly advance in investing. Even these things depend entirely on a person's healthy plan because nowadays we see that a person regularly collects a few cans from the city and becomes the owner of about 0.1 Bitcoin, his next goal is long-term and from there the Brazilian wants to achieve more success in the next cycle.
When it comes to Bitcoin investing we may need to avoid these things, such as always waiting for a dip before starting to invest, starting with fractional amounts instead of waiting for the right time and it is largely true that one must be vocal about emotions.

[IjawMan]

OP you are not far from the truth if anyone is interested to invest in bitcoin he or she should invest in bitcoin for long term as in buying bitcoin using the DCA method consistently until he or she  accumulate a good portion of bitcoin  and hold for like 4 to 10 years or longer in other for he or she  to make reasonable profit in return. Trading is very risky and won't advise anybody to trade an asset like bitcoin that is a store of value with potential returns when you buy and hold for long term, and even if you must trade I will advise you trade only shitcoins and not bitcoin just buy bitcoin and hold for long term.

Very lofty and rightly delivered my friend and it is mostly one catching piece of advise I have caught across in a while now. Trading is not for every one contrast to how any person can invest and hold bitcoin for preferably two bull seasons and make a fortune by what size of portfolio he was proficient to accumulate consistently. What makes the crowd launch onto trading than investment target is the time, profits for trading is sought of instant to that of investment through timely accumulations

[POPOLUV]

For peace of mind buy and hodl for a long term atleast for two bull circles you will be sure that whatever price will be then you will be in profit. DCA method is recommendable for income earners, buy with a percentage of your income and hold for the long term.

For two bull cycle that's 8 years but to just be in the safer side lets lets do 10 years that's a decade before thinking about cashing out some profits. If you just follow the two bull market rule, you might end up selling in a bear market and although you'll still be making a profits but you would have missed out of potential gains that you would have gotten. Of course no body rejects more money so after you dun invest, try make the period why you want sell make e for be during bull market. Trading Bitcoin isn't even advisable because why you go dey stress yourself dey chase small small profits when you go fit just hodl Bitcoin and make easy profits.

The boss you have just make a wonderful points here and it is always advisable to have plans with your investments in other to have Bitcoin investments run for at least for 10 years that's a decade to be able have a potential gains because of the fluctuation of Bitcoin in market one needs to be patient enough to always make use of Long term cycles in other not to miss out anything when it comes to investing in a long term, DCA strategy allow investors to be buying Bitcoin small small in a aggressively manner that one can even think of focusing all his mindset in monitoring the fluctuation of Bitcoin in the market just in the name of knowing the best time to trade or buy Bitcoin if actually the dip happens, so once a any eventually engage in such mindset, the investor will end up regretting of not buying Bitcoin aggressively when he he has the chance to buy, so i will advise to buy now and make use of Long term.